Bank of America Credit Cards Increase APR
by Mr Credit CardBank of American has just increased their APR on a few of their reward cards. Previously, cardholders will either get an APR of 7.90% (very low) or 13.99%. Right now, this rate has increased to 9.99% or 15.99% (depending on your credit). The following cards are affected :
Bank of America Rewards American Express Card
Bank of American Visa Signature Card WorldPoints Rewards
Bank of America World Mastercard with WorldPoints
Bank of America Platinum Plus Mastercard with WorldPoints
Cards not affected
However, the good news for those looking for a really low APR credit card is that there are a couple of BOA cards that are not affected (at for now anyway). The cards are :
Bass Pro Shops® Outdoor Rewards Visa® Card
Ducks Unlimited WorldPoints™ Platinum Plus® MasterCard®
There is no guarantee that Bank of America will not raise the APR on these cards very soon. Having said that 9.99% APR is still very low. If you have very good credit, Bank of America is the place to look for a low APR credit card.
September 17th, 2008 at 3:29 pm
STAY AWAY FROM Bank of America / FIA CARD SERVICES!! My son who is in his early twenties received a credit card branded Harris Bank managed by FIA Card Services North America. He moved and missed a payment. My son and I have the same first and last name but different middle initial. FIA Card services uses a collection agency called ACT Collection Services in Kansas City. ACT Collection Services uses a third party service obviously from India. I received a phone call asking about a card that I did not own and after a few phone calls, established that it was not mine but my sons. I told them that I would contact my son and that they should no longer call me as he does not live here and is on his own. The phone calls continued - ACT continued to call my wife’s business line and any relatives who shared our same last name. This morning I received a call again from a person from India who told me “we are going to keep calling you until we hear from your son.” That was it for me - I called and spoke to people from ACT, FIA, Bank of America (who I believe owns FIA), and will contact Harris Bank. No relatives of a cardholder should be harassed that way. I am reporting them to the state’s attorney and will continue to spread the word about these practices. My advice is to stay away from any credit cards managed by FIA Card Services.
Search words: FIA CSNA ; FIA Card Services NA ; FIA Card Services ; ACT Collection Services ; Bank of America ; Harris Bank ; Harassment of cardholder’s relatives
December 2nd, 2008 at 11:52 pm
Bank of American is horrible… I don’t know how they can respect themselves after what they’ve been doing to people.
I’ve had a card with them since 2004 which was at a 10.9% fixed rate, then they spiked it up to 23.99% from 10.9% fixed APR back in April this past year, now with the increased interest I can barely afford to pay even the minimum and finally this past month I paid a bill TWO days late, the result? They spiked it up yet again to 28.99% When I called demanding to know why they had even increased it to 23.99% to begin with they informed me of the nonsense letter that they supposedly sent. I kept asking if it was a certified letter, if they knew I actually got it, because I certainly never saw it. Suffice it to say, I’m stuck with this interest rate and looking for any sort of legal options and am just generally frustrated and upset. How are we supposed to deal with the economy as it is with increasing costs etc. when as per a manager at Bank of America “we’re a business” I’m frustrated and upset and I certainly hope they are happy with how much more difficult they’ve made people’s lives.